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Home » Topic » Risk

Resources for Contractor License Requirements

by Eric Weisbrot | Sep 8, 2019
Legal and Regulatory | Regulations | Surety Bonding

Contractors must be licensed in most states. The first step in obtaining a contractor’s license is recognizing requirements that may include a background check, training or education requirements and ability to obtain a surety bond.

Three Tools for Proactive Risk Management: Contracts, Fluent Dialogue and Change Management

by Kristine A. Kubes | Sep 2, 2019
Contracts | Risk Management | Safety

Risk management is much more than insurance. A prudent construction executive will utilize the following three strategies for proactively managing risk and protecting the company’s right to payment.

Managing Design-Build Risks From Design Through Construction

by Gina Armbruster | Aug 24, 2019
Contracts | Insurance | Legal and Regulatory | Risk | Risk Management

Design-build projects come with additional risks. Adherence to the contract and documentation guidelines can minimize risk and increase the success and profitability of the project.

Avoid Payment Bond Claims With These Six Tips

by Todd Bryant | Aug 23, 2019
Business | Business Risk | Dispute Resolution | Finance | Insurance | Risk | Risk Management | Surety Bonding

Payment bond claims are one of the most common, costliest and potentially most disruptive actions that can be brought against a contractor.

The World of Wrap-Ups and How Contractors Can Benefit

by Michael Alberico | Aug 17, 2019
Insurance | Risk Management | Safety

Before considering wrap-up insurance on a project, ask about benefits and risks, clarify misconceptions and know the keys to a successful wrap-up.

Captive Insurance: A Viable Strategy to Reduce Costs

by Martin C. McCarthy, Kyrstin Mackrides | Aug 9, 2019
Business | Finance | Insurance | Risk | Risk Management

Captives can save money, but contractors need to be aware of compliance and funding requirements, and IRS regulations. Consider costs, risks and benefits to ensure that a establishing a captive is a viable strategy.

Firming in the Construction Insurance Market

by David Bowcott | Aug 8, 2019
Insurance | Risk | Risk Management

As the insurance sector starts to firm, contractors can address risk factors with strong risk controls to prevent and mitigate risk.

The Dangers of Design Delegation: Identifying and Avoiding or Shifting the Risk

by James T. Dixon, Hanne-Lore M. Gambrell | Aug 4, 2019
Contracts | Risk Management | Safety

When project owners delegate design responsibilities to contractors, it creates significant risk. Contractors must understand and know how to shift risk to insurers, subcontractors and design consultants.
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